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April 10, 2012
<br />At a Regular Meeting of the City Council on Tuesday, April 10, 2012, there were
<br />present:
<br />Mayor Kenneth I. Wright, Vice Mayor Charles B. Whitehurst, Sr., William E. Moody, Jr.,
<br />Marlene W. Randall, Stephen E. Heretick, Paige D. Cherry, Dr. Curtis E. Edmonds, Sr.,
<br />City Manager Kenneth L. Chandler, Senior Deputy City Attorney George M. Willson.
<br />Councilman Curtis E. Edmonds, Sr., opened the meeting with prayer, which was
<br />followed by the Pledge of Allegiance to the Flag.
<br />Mayor Wright called the meeting to order and welcomed all in attendance.
<br />Motion by Mr. Whitehurst, and seconded by Ms. Randall, to approve the minutes
<br />of a Called Meeting of March 26, 2012, of a Called Meeting of March 27, 2012, and of a
<br />Regular Meeting of March 27, 2012, and was adopted by the following vote:
<br />Ayes: Cherry, Edmonds, Heretick, Moody, Randall, Whitehurst, Wright
<br />Nays: None
<br />- City Manager's Report -
<br />12 - 145 -Adoption of an ordinance establishing a Personal Property Tax Relief
<br />percentage of 57% for Calendar Year 2012 personal property tax bills. Vision
<br />Principle: A Robust Economy for Working Men and Women.
<br />Background:
<br />• In accordance with the Virginia Personal Property Tax Relief Act (PPTRA), the
<br />City is required to annually establish the personal property tax relief percentage to be
<br />applied to qualified vehicles.
<br />Discussion:
<br />• Based on the personal property tax trends in the City of Portsmouth, it was
<br />agreed upon by the Treasurer J. Williams, Commissioner of the Revenue F.
<br />Edmondson, CFO Carol Swindell, and IT Director M. Gardner, that 57% is the
<br />appropriate percentage of the relief to be applied toward the 2012 personal property
<br />taxes.
<br />Financial Impact:
<br />• The 57% of PPTRA relief proposed for calendar year 2012 is estimated to equal
<br />the $9,862,962.29 of relief provided by the state.
<br />Staff Recommends:
<br />• Adoption of ordinance. Vision Principle: A Robust Economy for Working Men
<br />and Women.
<br />Next Steps Following Council Action:
<br />• Application of the tax relief credit to personal property tax bills will be performed
<br />by the City Treasurer's Office upon adoption of this ordinance.
<br />Motion by Mr. Heretick, and seconded by Mr. Moody, to adopt the following
<br />ordinance, and was adopted by the following vote:
<br />"ORDINANCE ESTABLISHING A PERSONAL PROPERTY TAX RELIEF
<br />PERCENTAGE OF 57% FOR CALENDAR YEAR 2012 PERSONAL PROPERTY TAX
<br />BILLS."
<br />Ayes: Cherry, Edmonds, Heretick, Moody, Randall, Whitehurst, Wright
<br />Nays: None
<br />12 - 146 -Adoption of a resolution authorizing participation in an HRSD-funded
<br />study of further regionalization of sanitary sewer service and assets. Vision
<br />Principles: Change and New Directions and Efficient, Responsive Government.
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